$859,900

ID# 1387634

151 KNOXDALE ROAD
Ottawa, Ontario K2G1B1

Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished. (id:43993)

Would you like more information about this property?

General Inquiry
Courtesy of KELLER WILLIAMS INTEGRITY REALTY
Listed on: April 22, 2024

On market: 25 days
Bathroom Total 4
Bedrooms Total 8
Half Bathrooms Total 0
Year Built 1967
Cooling Type Wall unit
Flooring Type Vinyl, Ceramic
Heating Type Hot water radiator heat, Radiant heat
Heating Fuel Natural gas
Stories Total 1
KitchenLower level12'11" x 9'0"
Living roomLower level13'3" x 11'5"
Dining roomLower level13'2" x 7'10"
BedroomLower level12'1" x 11'8"
BedroomLower level12'7" x 10'0"
BedroomLower level13'3" x 8'6"
BedroomLower level10'6" x 9'11"
3pc BathroomLower levelMeasurements not available
3pc BathroomLower levelMeasurements not available
KitchenMain level12'2" x 9'7"
Living roomMain level16'1" x 13'11"
BedroomMain level10'11" x 10'0"
BedroomMain level11'10" x 10'7"
BedroomMain level11'7" x 9'9"
BedroomMain level10'0" x 8'4"
3pc BathroomMain levelMeasurements not available
3pc BathroomMain levelMeasurements not available
Add CMHC fee.
Purchase Price
Down Payment or Equity
Amount of Mortgage
system will calculate
Current Interest Rate
Amortization Period
years
Payment Schedule
Monthly Payment (principal & interest)
system will calculate

Eduardo Andrade

REALTOR®

Elisabeth Andrade

REALTOR®

Elizabeth Forde

REALTOR®

Nadine Larouche

REALTOR®

Royal LePage Team Realty

1723 Carling Ave., 

Ottawa, ON

K2A 1C8


Office: 613-725-1171

The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner. Ottawa Real Estate